| Beds 0 | Baths 0 | 2,679 Sqft | 0.25 Acres |
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Property Description
Investors, take note! This 9-unit multifamily property is a cash cow, delivering excellent cash flow and strong rental demand. Located just minutes from downtown Corpus Christi, this complex offers a prime location with close proximity to shopping, dining, and entertainment. Of the 9 apartments, several have been recently updated, attracting quality tenants and increasing the property's overall value. 7 out of 9 units are currently leased, providing a steady income stream. At the current rental rates, the property generates $6,095 per month in gross rent, with room to increase profits by making additional cosmetic renovations to further boost the rental potential. The property is currently professionally managed, providing a hassle-free investment. Whether you're looking to expand your portfolio or get started with a strong-performing asset, this property offers high returns and growth potential in a thriving market. Don't miss out on this opportunity to acquire this cash cow!
General Information
Sale Price: $375,000
Price/SqFt: $140
Status: Active
MLS#: 447223
Post Office: corpus christi
Acres: 0.25
Lot Dimensions: -
Bedrooms:0
Bathrooms:0 (0 full, 0 half)
House Size: 2,679 sq.ft.
Acreage: 0.25 est.
Year Built: 1955
Property Type: Apartment
Style: -
Features & Room Sizes
Paved Road: Asphalt
Garage: -
Construction: HardiPlank Type Wood Siding
Exterior Misc: Other
Pool: Yes
Pool Description: None
Basement: -
Appliances: Free-Standing Range Gas Oven Gas Range Refrigerator
Cooling: Window Unit(s)
Heating: Window Unit
Waste: Public Sewer
Watersource: Public
Community/Association Features
CommunityFeatures: -
Association Amenities: -
Tax, Fees & Legal
Legal Description: SOUTH BLUFF W/2 OF LT 4 (AKA LT 4B) & LT 5 BK 31
HOA fees:
Information provided by South Texas MLS Listing information provided courtesy of the Corpus Christi Association of REALTORS
®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Listing By: Tyler Fox of NB Elite Realty, Phone: (844) 444-6237
